Breaking Down Micron, BofA, JD, Alibaba, Facebook, and Tesla Trading Day

Exploring Micron, BofA, JD, Alibaba, Facebook, and Tesla’s Trading Day

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Exploring Micron, BofA, JD, Alibaba, Facebook, and Tesla’s Trading Day

MICHAEL KRAMER AND THE CLIENTS OF MOTT CAPITAL OWN SHARES OF TSLA

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Today’s commentary has been condensed. Back to normal tomorrow. 

The S&P 500 gapped higher on September 10, and held steady the rest of the day, around 2,880. The good news, the move higher although uneventful may have snapped the downtrend the index had been in the past week or so.

Sp500

Banks

Pretty much every sector moved higher, except for the banks. I still think the banks are one group to avoid. Analyst’s earnings estimates forecast growth to slow dramatically for almost all the banks next year. Throw in a yield curve that continues to flatten, and I can’t find a good reason to be in these stocks. I know everyone screams about the buybacks.  But the XLF is up only 1.5 percent this and is up about 6.5 percent from its June lows.  Still, the technical chart looks weak to me. Sorry folks, I don’t like the banks, and I think the XLF heads lower, no higher despite the buy-backs.

xlf

For Bank of America, support comes around $30.30.

bac

Micron

Micron continues to struggle after last week’s sharp decline. It seems like this $45.25 zone is a battleground between the buyers and sellers. The stock has stayed at that price since Thursday afternoon. Unfortunately, I think the sellers win, and that means the stock heads to $42. The stock has shown almost no ability to rise, which means there are bigger sellers around just sitting on it.

micron

JD

Well if there is glimmer of hope for JD, it is that its stock retest the lows from September 5, and has held for now around $26.10. That is good news, for owners of the stock. The key here is for the stock to have a significant follow-through higher tomorrow. It could be a sign of a bottom being put into place. But it still to soon to call a bottom, not yet.

jd

Alibaba

We can’t say the same for Alibaba yet. $151 is looking more likely.

baba

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Join this channel to get access to perks:https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/joinPlease check out my content on Substack and Seeking Alpha:https://www.themarketchronicle.com/https://seekingalpha.com/affiliate_link/Youtube81624#sp500 #stocks #stockmarket #cpi #fed #qqq #spy #rates Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment. 10:43
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuZElMZlVmSDJVT2M

Volatility In Focus

7 hours ago

Join this channel to get access to perks:https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/joinPlease check out my content on Substack and Seeking Alpha:https://www.themarketchronicle.com/https://seekingalpha.com/affiliate_link/Youtube81624#sp500 #stocks #stockmarket #cpi #fed #qqq #spy #rates Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment. 13:48
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEucGlQRjlVX3JsOFE

Strong JOLTS Report Sends Inflation Expectations Higher

December 3, 2024 1:24 PM

Join this channel to get access to perks:https://www.youtube.com/channel/UCIIr1ooRsSukPL7rKNr0VHQ/joinPlease check out my content on Substack and Seeking Alpha:https://www.themarketchronicle.com/https://seekingalpha.com/affiliate_link/Youtube81624#sp500 #stocks #stockmarket #cpi #fed #qqq #spy #rates Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment. 11:04
YouTube Video VVVNT0lJcjFvb1JzU3VrUEw3cktOcjBWSFEuZjdwbFZfYUp4Ums

Low Realized Vol Has Trapped The Stock Market

December 2, 2024 2:00 PM

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Tesla

Tesla’s shares seem to have broken free of that terrible downtrend from last week. For Tesla long’s we can hope that the path of least resistance is back to $300.

tesla

Facebook

For now, Facebook also found support around $160.

facebook

Today was a relatively dull day. But perhaps the more important piece is that trends remained in place, while some stock managed to find some levels of stability.  Hopefully, tomorrow gives more clarity.

That is going to be it.

-Mike

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Michael Kramer is the Founder of Mott Capital and the creator of Reading the Markets.

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Photo Credit Via Flickr
Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.

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